Rensselaer Union, Volume 2, Number 36, Rensselaer, Jasper County, 2 June 1870 — The Fort Wayne & Pacific Bailroad. [ARTICLE]

The Fort Wayne & Pacific Bailroad.

Mr. Dwiggiiis, President of the Fort \\ ayne and Pacific Kailroad | Company, returned from New York City last Saturday. As was stated in bis letter front Mansfield, Oitio, which we published last week, the Ventral .Construction Company have eflbeted a satisfactory contract for building the Ohio division of tJiis grand trunk failway through the heart of the United States.This Construction Company, of which Mr. Abbott. of Rock Island, 111, is the .President, have now the contract for building a lincof railroad from a point on the Missouri river to New London, Ohio—an uninterrupted distamMppf 850 miles— Crossing the three *Slates of lowa, Illinois, Indiana, and nearly twothirds aerost the fourth State of Ohio. We understand the local companies of these four States are to meet at Cedar Rapids, lowa, on the 7th of June, for the purpose of consolidation, after which it is expected to commence work immediately on the Ohio and Indiana divisions. Mr. Dwiggins found Messrs. Henry Weston and John C. Van Rensselaer, formerly citizens ol this place, ami who still have large property interests here, very friendly to the enterprise. From Mr. Weston he succeeded in procuring the right of way through his property here, a donationof twenty acres of land for depot buildings, and a subscription of §15,000. Mr. Van Rensselaer subscribed §3,000. Jasper county .-lands foreinoston the list in this State in this enterterprise. Iler citizens have voted a public tax of §49,300; nearly $15,000 have been raised by subscription- from residents aiid §IB,OOO more from non-residents who own property here, making in the aggregate not far from §83,000. This is independent of the capital stock of §20,000 taken by Messrs. Dwiggins, Stackhouse, Boroughs and Benjamin. It is expected that wc will be required to do still more and swell the amount to at least §l2(f,000. This will be nearly §60,000 more than it will cost to grade, tie ami bridge the road through the county, but is necessary to make up deficiencies in counties where uo public tax can be secured.